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Nov 26, 2015

Spain — Key facts and figures on a growing ecosystem

Spain — Key facts and figures on a growing ecosystem

We barely know the Spanish ecosystem and have, to some extent, tended to focus on other European countries such as UK or Germany — already well screened by international VCs. Still, looking at emerging startups-friendly ecosystem such as Spain is not without utility and events like “The South Summit” tend to light the fire on promising startups. Here are selected facts and figures (grabbed over the net) that underlie this trend and will allow you to name a Spanish success story.

H1 2015 has been tremendous: amount invested went up by 134% compared to 2014 with nearly €200 million euros invested in 6 months ;

50% out of this amount has been committed by foreign investors (mainly UK and US). French VCs account for 4,1% of the total investments;

Sectors of interest are Ecommerce and Fintech. Both represent 20% of the total amount invested;

The biggest round of financing: Wallapop, a local mobile marketplace, raised €40m with Insight VP and previous investors.

Success stories:

BuyVIP, an online shopping club with discounts, acquired by Amazon in 2010 (€70m);

Privalia, an ecommerce website, raised €250m so far and has €400m turnover;